MIRA INFORM REPORT
|
Report No. : |
346515 |
|
Report Date : |
28.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
AQUAPHARM CHEMICALS PRIVATE LIMITED (w.e.f. 21.04.1981) |
|
|
|
|
Formerly Known
As : |
VIKRAM ION EXCHANGERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
9th and 10ht Floor, Amar Synergy, 12B, Sadhu Vaswani Road,
Pune - 411001, Maharashtra |
|
Tel. No.: |
91-22-66093394/66090062/66090000 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of Incorporation
: |
02.03.1974 |
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|
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Com. Reg. No.: |
11-017243 |
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|
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Capital
Investment / Paid-up Capital : |
Rs. 30.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24231MH1974PTC017243 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNEA0885B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECA7014R |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
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Line of Business
: |
Manufacturer and Exporter of Specialty and Water Treatment Chemicals. |
|
|
|
|
No. of Employees
: |
200 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
A (62) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
Status : |
Good |
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|
|
|
Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 1974 engaged manufacturing
phosphonates. Its product includes phosphonates, biocides and low Molecular
weight polymers. The company also provides water treatment service. For the financial year ended 2014, company has reported 31.38% sales
turnover growth as compared to previous sales turnover and it has maintained
decent profitability margins at 8.83% during the year under a review. Rating takes into consideration company’s sound financial profile
supported by adequate net worth base along with favorable debt protection
indicators and satisfactory liquidity position of the company. Rating strength partially offset by fluctuation in raw material
pricing led to affect company’s margins and risk arising out of unfavorable
foreign exchange movement. Trade relations are reported as fair. Payments are reported to be
regular and as per commitment. In view of aforesaid, the company can be considered good for normal
business dealings at usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Fixed Deposits = A1 (FD) |
|
Rating Explanation |
Very strong degree of safety and carry lowest credit risk. |
|
Date |
April 09, 2015 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAILTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2013.
INFORMATION PARTED BY
|
Name : |
Mr. Soni |
|
Designation : |
DGM Finance |
|
Contact No.: |
91-20-66090062 |
|
Date : |
27.10.2015 |
LOCATIONS
|
Registered Office : |
9th and 10ht Floor, Amar Synergy, 12B, Sadhu Vaswani Road,
Pune - 411001, Maharashtra, India |
|
Tel. No.: |
91-20-66093394/66090062/66090000 |
|
Fax No.: |
91-20-26053396/66090000 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
800 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Factory 1 : |
At and Near Village Pirangut Village, Taluka Mulshi, Pune - 412 108, Maharashtra, India |
|
Tel. No.: |
91-2139-22883 / 22792 |
|
Fax No.: |
91-2139-22362 |
|
Area : |
10665 sq ft |
|
Location : |
Owned |
|
|
|
|
Factory 2 : |
K-3/ 1, 2 and 3, Additional Mahad M.I.D.C. Area, Mahad Raigad – 402
302, Maharashtra, India |
|
Area : |
53547 sq ft |
|
Location : |
Owned |
|
|
|
|
R and D Office : |
S-1, M.I.D.C., Bhosari, Pune – 411 026, Maharashtra, India |
|
|
|
|
Branch Office : |
Located At: ·
Delhi ·
Chennai ·
Baroda ·
Kolkata |
DIRECTORS
AS ON 01.09.2014
|
Name : |
Mr. Nitin Raoji Bhai Desai |
|
Designation : |
Chairman cum Managing Director |
|
Address : |
457, Sindh Housing Society, Aundh, Pune – 411 007, |
|
Date of Birth/Age : |
01.11.1943 |
|
Date of Appointment : |
30.08.1980 |
|
PAN NO : |
AAAHD7774E |
|
Din No.: |
00140239 |
|
|
|
|
Name : |
Mr. Vishnu Khushaldas Mangwani |
|
Designation : |
Managing Director |
|
Address : |
242, Sindh Housing Society, Aundh, Pune – 411 007, |
|
Date of Birth/Age : |
01.07.1931 |
|
Date of Appointment : |
02.03.1974 |
|
PAN NO : |
ABAPM6828K |
|
Din No.: |
00352161 |
|
|
|
|
Name : |
Mrs. Vimal Vishnu Mangwani |
|
Designation : |
Joint Managing Director |
|
Address : |
303, Sindh Housing Society, Aundh, Pune – 411 007, |
|
Date of Birth/Age : |
13.09.1956 |
|
Date of Appointment : |
01.07.2008 |
|
PAN NO : |
ABAPM6827G |
|
Din No.: |
00352180 |
|
|
|
|
Name : |
Mr. Sanjay Jasubhai Desai |
|
Designation : |
Director |
|
Address : |
14, |
|
Date of Birth/Age : |
18.05.1960 |
|
Date of Appointment : |
28.12.1998 |
|
Din No.: |
00140307 |
|
|
|
|
Name : |
Mr. Dharmesh Vishin Mangwani |
|
Designation : |
Managing Director |
|
Address : |
209, Sindh Housing Society, Aundh, Pune – 411 007, |
|
Date of Birth/Age : |
16.04.1963 |
|
Date of Appointment : |
13.12.2010 |
|
Din No.: |
00467962 |
|
|
|
|
Name : |
Mr. Subramanian Padmanabhan |
|
Designation : |
Director |
|
Address : |
30, Vishrambaug Society, |
|
Date of Birth/Age : |
01.09.1939 |
|
Date of Appointment : |
14.09.2005 |
|
Din No.: |
00001207 |
|
|
|
|
Name : |
Mr. Bimal Natubhai Desai |
|
Designation : |
Director |
|
Address : |
AMI 4, Purna Prasad Extension, Race Course, |
|
Date of Birth/Age : |
13.04.1959 |
|
Date of Appointment : |
02.07.2010 |
|
Din No.: |
00141120 |
KEY EXECUTIVES
|
Name : |
Mr. Ghatpande |
|
Designation : |
General Manager Finance |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 01.09.2014
SHAREHOLDING DETAILS FILE ATTACHED.
Equity Share Break up (Percentage of Total Equity)
AS ON 01.09.2014
|
Category |
Percentage |
|
Bodies corporate |
2.17 |
|
Directors or relatives of Directors |
97.83 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Specialty and Water Treatment Chemicals |
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|
Products : |
Not Divulged |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
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Products : |
Specialty and Water Treatment Chemicals |
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Countries : |
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Imports : |
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Products : |
Raw Material |
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Countries : |
China |
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Terms : |
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Selling : |
Cheque and Credit |
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Purchasing : |
Cheque and Credit |
GENERAL INFORMATION
|
Suppliers : |
Not Divulged
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Customers : |
Retailers and End Users
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No. of Employees : |
200 (Approximately) |
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Bankers : |
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Facilities : |
(Rs.
In Million)
|
|
Auditors : |
|
|
Name : |
MZSK and
Associates Chartered
Accountants |
|
Address : |
1st
Floor, Alankar Cinema Building, Pune – 411001, Maharashtra, India |
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PAN No.: |
AACFK3470E |
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|
|
|
Memberships : |
-- |
|
|
|
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Collaborators : |
-- |
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|
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Subsidiary company : |
Aquapharm Chemicals (Hong Kong) Limited |
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|
|
Associates |
|
CAPITAL STRUCTURE
AS ON 01.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs.100/- each |
Rs. 50.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
300000 |
Equity Shares |
Rs.100/- each |
Rs. 30.000
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
30.000 |
30.000 |
30.000 |
|
(b) Reserves & Surplus |
1560.157 |
1267.724 |
1116.588 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
1590.157 |
1297.724 |
1146.588 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
72.514 |
82.404 |
114.982 |
|
(b) Deferred tax liabilities (Net) |
28.312 |
17.834 |
19.715 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
4.942 |
4.431 |
5.523 |
|
Total Non-current
Liabilities (3) |
105.768 |
104.669 |
140.220 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
1225.314 |
882.823 |
830.011 |
|
(b) Trade
payables |
405.925 |
360.053 |
243.669 |
|
(c) Other
current liabilities |
256.264 |
196.453 |
215.290 |
|
(d) Short-term
provisions |
48.100 |
118.828 |
242.748 |
|
Total Current
Liabilities (4) |
1935.603 |
1558.157 |
1531.718 |
|
|
|
|
|
|
TOTAL |
3631.528 |
2960.550 |
2818.526 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
713.248 |
597.718 |
607.852 |
|
(ii)
Intangible Assets |
8.265 |
5.969 |
7.152 |
|
(iii)
Capital work-in-progress |
18.081 |
21.473 |
13.126 |
|
(iv)
Intangible assets under development |
0.800 |
0.000 |
1.287 |
|
(b) Non-current Investments |
0.873 |
100.873 |
60.873 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
97.320 |
114.901 |
133.372 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.844 |
|
Total Non-Current Assets |
838.587 |
840.934 |
824.506 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
388.033 |
60.000 |
0.000 |
|
(b)
Inventories |
742.234 |
529.731 |
446.646 |
|
(c) Trade
receivables |
953.369 |
728.376 |
575.031 |
|
(d) Cash
and cash equivalents |
594.436 |
702.130 |
790.207 |
|
(e)
Short-term loans and advances |
100.689 |
87.801 |
176.044 |
|
(f) Other
current assets |
14.180 |
11.578 |
6.092 |
|
Total
Current Assets |
2792.941 |
2119.616 |
1994.020 |
|
|
|
|
|
|
TOTAL |
3631.528 |
2960.550 |
2818.526 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
TOTAL |
4107.212 |
3126.342 |
2395.851 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
544.108 |
379.551 |
273.934 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
181.478 |
123.119 |
84.461 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
362.630 |
256.432 |
189.473 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1208.76 |
854.77 |
631.58 |
|
Expected Sales (2014-15): Rs. 5000.000 Million
The above information has been parted by Mr. Ghatpande (General Manager
– Finance)
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from (used in) operation |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
8.83
|
8.20 |
7.91 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
15.06 |
13.37 |
9.99 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.34 |
0.29 |
0.24 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.82 |
0.74 |
0.82 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.44 |
1.36 |
1.30 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
30.000 |
30.000 |
30.000 |
|
Reserves & Surplus |
1116.588 |
1267.724 |
1560.157 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
1146.588 |
1297.724 |
1590.157 |
|
|
|
|
|
|
long-term borrowings |
114.982 |
82.404 |
72.514 |
|
Short term borrowings |
830.011 |
882.823 |
1225.314 |
|
Current Maturities of Long
Term Debt |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
944.993 |
965.227 |
1297.828 |
|
Debt/Equity
ratio |
0.824 |
0.744 |
0.816 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Total Income |
2395.851 |
3126.342 |
4107.212 |
|
|
|
30.490 |
31.374 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Total Income |
2395.851 |
3126.342 |
4107.212 |
|
Profit |
189.473 |
256.432 |
362.630 |
|
|
7.91% |
8.20% |
8.83% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
Yes |
|
5 |
Buyer visit details |
---- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
---- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
----- |
|
28 |
Estimation for coming financial year |
Yes |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
----- |
|
33 |
Market information |
----- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
NOTE: Registered office of the company has been
shifted from S-1, MIDC, Bhosari, Pune – 411026, Maharashtra, India to the present address w.e.f. 16.03.2007.
UNSECURED LOAN
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
SHORT TERM
BORROWING |
|
|
|
Loans and advances from related parties |
236.900 |
234.000 |
|
Total |
236.900 |
234.000 |
|
|
|
|
INDEX
OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10543963 |
26/12/2014 |
135,800,000.00 |
Commonwealth
Bank of Australia |
Level 2, Hoechst
House, Nariman Point, Mumbai, Maharashtra - 400021, INDIA |
C40874554 |
|
2 |
10534601 |
10/11/2014 |
44,345,920.00 |
The Hongkong and
Shanghai Banking Corporation Limi |
Amar Avinash
Corporate City, Shop no. 6-7-8,, Sur Maharashtra -
411001, INDIA |
C35798842 |
|
3 |
10520612 |
09/02/2015 * |
200,000,000.00 |
Citi Bank N.A. |
First
International Financial Centre (FIFC), Plot |
C45777489 |
|
4 |
10377015 |
30/07/2012 |
369,000.00 |
Corporation Bank |
Industrial
Finance Branch, 14, Pune Mumbai Road, |
B58315623 |
|
5 |
10372728 |
26/07/2012 |
595,000.00 |
Corporation Bank |
Industrial
Finance Branch, Pune Mumbai Road, Wakdewadi, Pune, Maharashtra - 411003,
INDIA |
B56442650 |
|
6 |
10343898 |
07/02/2012 |
338,000.00 |
Corporation Bank |
Industrial
Finance Branch, 14, Pune Mumbai Road, |
B35706183 |
|
7 |
10337037 |
12/01/2012 |
548,000.00 |
Corporation Bank |
Industrial
Finance Branch, 14, Pune Mumbai Road, |
B32732646 |
|
8 |
10333085 |
15/04/2015 * |
130,000,000.00 |
CORPORATION BANK |
CORPORATE
BANKING BRANCH, 14, WAKDEWADI, MUMBAI |
C56751027 |
|
9 |
10322122 |
04/11/2011 |
550,000.00 |
Corporation Bank |
Industrial
Finance Branch, 14, Pune - Mumbai Road, Wakdewadi, Pune, Maharashtra -
411003, INDIA |
B27450352 |
|
10 |
10322614 |
24/10/2011 |
427,000.00 |
Corporation Bank |
Industrial Finance
Branch, 14, Mumbai-Pune Road, |
B27673854 |
* Date of charge modification
FIXED ASSETS
- Land
- Buildings
- Office
Buildings
- Plant and
Equipments
- Furniture and
Fixture
- Vehicles
- Office
Equipments
- Computer
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 64.96 |
|
UK Pound |
1 |
Rs. 99.73 |
|
Euro |
1 |
Rs. 71.84 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
JYO |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILITY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
62 |
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors and their relative weights (as
indicated through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.